Initiating a
project involves the following steps:
Product Description:
The product
description is written in collaboration with key personals. It contains definition
of problem, key objectives and constraints and business justification.
Sponsors:
The sponsors
of the project should be committed and should perform major activities of a
project including approval of plans, schedule and budget, steering committee
chair, ensuring availability of resources, resolve major issues and review
progress of the project.
Project Charter:
The project
charter is written collectively by the sponsor and project manager. It
highlights direction on funding source and budget authority, level and
selection of planning and controls, assignment of resources for project
activities and identification of other groups of whom involvement is required
in the project.
The
initiation process must be approved in order to start working.
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